Yelp Inc. (NYSE:YELP) CTO Sells $377,329.28 in Stock

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 10,744 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the transaction, the chief technology officer now directly owns 122,480 shares of the company’s stock, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sam Eaton also recently made the following trade(s):

• On Friday, August 23rd, Sam Eaton sold 10,776 shares of Yelp stock. The stock was sold at an average price of $35.00, for a total value of $377,160.00.

Yelp Price Performance

NYSE YELP opened at $36.13 on Friday. The stock has a market capitalization of $2.38 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.66 and a beta of 1.33. The business has a 50 day simple moving average of $34.81 and a 200 day simple moving average of $35.45. Yelp Inc. has a one year low of $32.56 and a one year high of $48.99.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on YELP shares. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research report on Monday, November 11th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their price target on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Bank of America began coverage on Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Yelp presently has an average rating of “Hold” and a consensus target price of $37.00.

Institutional Trading of Yelp

Hedge funds have recently modified their holdings of the stock. Quest Partners LLC grew its holdings in Yelp by 132.7% in the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock worth $1,001,000 after purchasing an additional 15,451 shares during the period. UniSuper Management Pty Ltd acquired a new stake in shares of Yelp in the 1st quarter valued at about $594,000. Ceera Investments LLC grew its stake in shares of Yelp by 10.0% in the 3rd quarter. Ceera Investments LLC now owns 191,017 shares of the local business review company’s stock valued at $6,701,000 after buying an additional 17,420 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Yelp by 7.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 61,150 shares of the local business review company’s stock valued at $2,409,000 after buying an additional 4,306 shares in the last quarter. Finally, Algert Global LLC raised its stake in Yelp by 11.0% during the 2nd quarter. Algert Global LLC now owns 189,864 shares of the local business review company’s stock worth $7,015,000 after buying an additional 18,786 shares during the period. Institutional investors own 90.11% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.